October 02, 2013

The Morning Wrap

The Long Haul: Get ready for a prolonged battle over the federal government shutdown. House Republicans continue to demand that the nation's new health-care law be delayed or repealed and Democrats are refusing to give in, the Washington Post reports, with neither side feeling a clear imperative to end the shutdown.

Supply and Demand: Obamacare's opening day drew millions of consumers to the law's core insurance exchanges, offering supporters and investors confidence that if the websites can stay up and running, customers will follow, Reuters reports.

Pay Day: The Securities and Exchange Commission is paying out its largest whistleblower award yet. An unidentified whistleblower will receive more than $14 million for aiding the agency, CNN reports.

Foreclosure Suit: New York’s top prosecutor is preparing a lawsuit against Wells Fargo, accusing the bank, the nation’s largest home lender, of flouting the terms of a multibillion-dollar settlement aimed at stanching foreclosure abuses, The New York Times reports.

Environmental Pirates?: Russian authorities charged Greenpeace activists from several nations with piracy on Wednesday over a protest against Arctic oil drilling, Reuters reports.